SEABANK FED. SAVINGS BANK Failed 1989
What happened
SEABANK FED. SAVINGS BANK of MYRTLE BEACH, SC was closed on 1989-04-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST CITIZENS B&TC OF SC (COLUMBIA, SC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2365
- FDIC Certificate
- 32231
- FDIC FIN
- 6945
- Bank name
- SEABANK FED. SAVINGS BANK
- Location
- MYRTLE BEACH, SC
- Failure date
- 1989-04-27
- FDIC resolution date
- 1989-12-19
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $34M
- Assets at failure
- $35M
- Acquiring bank
- FIRST CITIZENS B&TC OF SC (COLUMBIA, SC)
Other banks FIRST CITIZENS B&TC OF SC acquired in FDIC resolutions